🔍 Weekly Trade: TTWO Bullish Momentum Building

Market Outlook: Bullish

Sector: Communication Services

Risk Level: Moderate

🔍 Breakdown of Entry- Long Continuation

• Stock must break above $220 level for the long entry
• Bullish Momentum- Stock recovered the 50 EMA
• Extraordinary Bounce despite market-wide bearish sentiment
• Higher Low forming under resistance
• Volume supporting bullish conviction
• Breaking Above Swing High AVWAP showing buyer dominance
• Price Targets are the $237.00 level towards the upside

🚨 Risk Management

• Stop is placed below recent and relevant higher low
• $190.08 is the level that invalidates the current bullish thesis, and would be a perfect level to place stop
• Use proper sizing for risk management (ideally <2% risk per trade)
• Although be on the lookout for any quick downturns, if this happens we should wait and look to see if there is a higher low formed and strength after the bounce.

📝 Final Thoughts

TTWO has been a high-flying name, and the momentum appears to be kicking up, and with the overall market seeing a bounce. If the current trend holds, this name could achieve its $237.00 price target, offering a clean swing long opportunity.

This setup is particularly attractive for traders who favor trend-following + confluence-based trading with tight risk.